World Development Indicators
Introduction
- Overview of key global indicators
- Data from World Bank (2022)
- Analysis of GDP per capita, unemployment rate, and education expenditure
Summary Statistics
(217, 14)
country inflation_rate exports_gdp_share gdp_growth_rate \
0 Afghanistan NaN 18.380042 -6.240172
1 Albania 6.725203 37.197085 4.826688
2 Algeria 9.265516 30.808979 3.600000
gdp_per_capita adult_literacy_rate primary_school_enrolment_rate \
0 357.261153 NaN NaN
1 6846.426143 98.5 96.371231
2 4961.552577 NaN 108.343933
education_expenditure_gdp_share measles_immunisation_rate \
0 NaN 56.0
1 2.744330 86.0
2 4.749247 79.0
health_expenditure_gdp_share income_inequality unemployment_rate \
0 NaN NaN 14.100
1 NaN NaN 10.137
2 NaN NaN 12.346
life_expectancy total_population
0 62.879 40578842.0
1 76.833 2777689.0
2 77.129 45477389.0
Exploratory Data Analysis
| count |
207.000000 |
186.000000 |
137.000000 |
| mean |
20520.336828 |
7.227344 |
4.164884 |
| std |
30640.741594 |
5.844462 |
1.771027 |
| min |
250.634225 |
0.130000 |
0.348517 |
| 25% |
2599.752468 |
3.478000 |
2.951592 |
| 50% |
7606.237525 |
5.334000 |
3.938396 |
| 75% |
27542.145523 |
9.261750 |
4.959176 |
| max |
226052.001905 |
35.359000 |
10.703345 |
The summary statistics provide insights into the range, mean, and distribution of the selected indicators: - GDP per Capita: The values vary significantly across countries, indicating large economic disparities. - Unemployment Rate: The variation in unemployment rates across countries may highlight differences in labor market conditions. - Education Expenditure (as % of GDP): This indicator shows how much countries invest in education relative to their GDP.
GDP Per Capita
The histogram (Figure ?@fig-gdp) shows that GDP per capita is right-skewed, meaning a few countries have exceptionally high GDP per capita, while most have lower values. The kernel density estimate (KDE) highlights the peak distribution.Economic inequality is evident.
Unemployment Rate
The box plot (Figure ?@fig-unemployment) shows the variation in unemployment rates among countries. Some nations experience very low unemployment, while others have significantly high rates, suggesting diverse economic conditions.
Education Expenditure vs. GDP Per Capita
The scatter plot (Figure ?@fig-education) suggests whether wealthier countries invest a larger proportion of their GDP in education. A weak or strong correlation could reveal trends in educational funding relative to economic status.
Conclusion
- Economic disparities impact education and employment.
- Policies should address income inequality and investment in education.
- Further research is needed to assess long-term trends.
Overall, this analysis highlights economic disparities, labor market conditions, and investment in education, providing insight into global development patterns.